deathdealing negotiationsinwashington. mikeallen also interviews marco rubio. they discuss the budget and taxes in the future of the republican party. this is just over an hour. [applause] >> good morning. welcome to playbook breakfast. thank you for coming out so early. we are excited to have an amazing doubleheader today. we are going to talk to senator rubio last night gave one of the first formal speeches to the head to the future of the republican party. we'll talk to senator rubio about that. next we have bob woodward who has a fantastic book out on the last grand bargain negotiations is going to be in just a second. first, welcome to people in lifestream land. will be taking your questions on hash tag political practice. welcome c-span, welcome others who are watching. we're appreciative to the bank of america for making these conversations possible. we had a great partnership this year including the conventions so we're very excited to bring the sensitive conversations about the issues driving washington thanks to the bank of america. thank you to your colleagues. you may have

aggressive, more proactive measures. mean"thewashingtonpost,"which is not exactly a right wing think tank, said recently, quote, right now the critics are starting to look pretty prescient. affordable possession of one's own home is the american dream. government support excessive borrowing has turned into a national nightmare, close quote. and the focus of that editorial was, we still haven't fundamentally reformed that, including at f.h.a. so i hope we start getting on that track starting today. thank you, mr. chairman. >> senator menendez. >> thank you very much. i'll be brief. i look forward to hearing the secretary's response on how f.h.a. balances the goals of remaining self-sufficient without taxpayer funds, but also helping what is still a fragile housing market in ensuring first-time home buyers can get credit. there is a clear case to be made in my mind that but for f.h.a. in the midst of this housing crisis, we would have a far greater crisis on our hands. and so wreck siling -- reconciling the fiduciary responsibilities here to the taxpayers as well as the mission to people of